| GBP millions | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | Trend | YoY |
|---|---|---|---|---|---|---|---|---|
| Revenue | 272.6 | 307.7 | 328.0 | 347.6 | 419.1 | 484.8 | +15.7% | |
| Cost of revenue | 162.4 | 179.9 | 184.6 | 169.3 | 213.5 | 255.2 | +19.5% | |
| Gross profit | 110.2 | 127.8 | 143.4 | 178.3 | 205.6 | 229.6 | +11.7% | |
| Research & development | 4.5 | 4.5 | 4.5 | 5.2 | 1.1 | — | — | |
| Selling, general & administrative | 67.1 | 73.7 | 80.3 | 89.4 | 128.1 | — | — | |
| Selling & marketing | (0.3) | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Operating expenses | 71.5 | 78.1 | 84.8 | 107.9 | 138.4 | 131.2 | −5.2% | |
| Operating income | 38.6 | 49.7 | 58.6 | 70.4 | 67.2 | 98.4 | +46.4% | |
| Interest expense | 3.3 | 3.4 | 4.9 | 6.6 | 9.4 | 13.6 | +44.9% | |
| Interest income | 0.1 | 0.0 | 0.1 | 0.1 | 0.3 | 0.4 | +30.7% | |
| Other income / expense | (4.2) | (3.6) | (8.3) | (13.8) | (12.7) | — | — | |
| Pre-tax income | 30.0 | 47.2 | 48.8 | 56.6 | 54.5 | 82.1 | +50.7% | |
| Income tax | 9.2 | 11.5 | 11.4 | 13.8 | 12.9 | 19.6 | +51.4% | |
| Net income | 20.8 | 35.6 | 37.4 | 42.8 | 41.5 | 62.5 | +50.5% | |
| Discontinued operations | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| Other net income adjustments | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | — | — | |
| EPS, basic (per share) | 0.11 | 0.18 | 0.19 | 0.22 | 0.21 | 0.32 | +50.2% | |
| EPS, diluted (per share) | 0.10 | 0.18 | 0.19 | 0.21 | 0.21 | 0.31 | +47.9% | |
| EBITDA | 58.4 | 73.1 | 79.1 | 82.8 | 91.0 | 127.5 | +40.1% | |
| Depreciation & amortization | 25.1 | 23.5 | 20.6 | 20.3 | 16.0 | 29.1 | +82.0% | |
| Weighted average shares (shares) | 197,821,482 | 197,522,143 | 197,131,650 | 197,739,417 | 200,642,512 | 198,177,865 | −1.2% | |
| Weighted average diluted shares (shares) | 200,975,673 | 200,047,856 | 199,789,859 | 199,883,200 | 200,675,264 | 201,210,158 | +0.3% | |
| Gross margin | 40.4% | 41.5% | 43.7% | 51.3% | 49.1% | 47.4% | −1.7 pts | |
| Operating margin | 14.2% | 16.1% | 17.9% | 20.2% | 16.0% | 20.3% | +4.3 pts | |
| Net margin | 7.6% | 11.6% | 11.4% | 12.3% | 9.9% | 12.9% | +3.0 pts |
Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.
